Landmark Cars strengthens its leadership position in Ahmedabad with MG dealership

Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), one of the leading premium automotive retail business in India, has received a Letter of Intent from MG Motor India Pvt Ltd for opening dealership in the Ahmedabad, Gujarat. This dealership will be established by M/s Aeromark Cars Private Limited, a wholly owned subsidiary company of Landmark Cars. This business will include Sales and After Sales of MG Cars. This will be the fourth MG Motor dealership of the Company after Goa and Indore & Bhopal in Madhya Pradesh. The dealership will be operational in the next quarter.

This demonstrates Landmark's ability to fortify its partnership with MG Motors and maintain its standing as the preferred dealer in the state of Gujarat. This is in line with the Company's strategy of increasing the footprint across India. Currently, Landmark Cars is present in nine states of India.

Shares of Landmark Cars Limited was last trading in BSE at Rs. 793.10 as compared to the previous close of Rs. 789.10. The total number of shares traded during the day was 15031 in over 1246 trades.

The stock hit an intraday high of Rs. 826.00 and intraday low of 765.55. The net turnover during the day was Rs. 12145993.00.

Source : Equity Bulls

Keywords

LandmarkCars AutomotiveRetail LOI MGMotorIndia Dealership Ahmedabad Gujarat